Overview of Spine Road, Pune

Location and Amenities

Spine Road is situated in Pune and shines with its robust infrastructure and amenities. With wide roads, the area is both convenient and enjoyable to live in. Nearby you’ll find great schools like Sadhu Vaswani International School, Beacon High School, Motilal Talera School, and Sterling High School. There’s also plenty of shopping and entertainment available, from Carnival Multiplex to Spine City Mall, Privia Mall, and Jai Ganesh Samrajya Mall.

Property Types and Prices

• Apartments:

  • 1 BHK flats: ₹25 Lakh - ₹43 Lakh
  • 2 BHK flats: ₹40 Lakh - ₹1.10 Cr
  • 3 BHK flats: ₹60 Lakh - ₹1.87 Cr
  • 4 BHK flats: ₹1.62 Cr - ₹2.52 Cr
  • 5 BHK flats: ₹2.60 Cr - ₹2.69 Cr

• Price Per Sq.Ft.:

  • You’ll find properties starting at ₹7,058 per sqft. The average price is ₹7,678 per sqft. Top-end properties cost up to ₹9,098 per sqft.

• Plots:

  • Plots on Spine Road range from ₹12.8 lakhs up to ₹1.55 Cr.

Popular Projects and Societies

In Spine Road, some esteemed projects and societies offer diverse lifestyle options:

• LPR Sapphire: Prices range from ₹42 Lac to ₹70 Lac, with an average sq.ft price of ₹8,667.
• Tulsi Apartment: At about ₹1.1 Cr, the average price per sq.ft is ₹10,000.

Price Trends

• Year-over-Year (Y-o-Y) Trends:

  • A 4.74% decline in property rates has occurred in the past year.
  • In 2024, a 3% rise in price per sqft was noted compared to a 9% decrease from 2022.

• Quarter-over-Quarter (Q-o-Q) Trends:

  • Minor fluctuations have happened in recent quarters, with a 2% increase from Oct-Dec '24 to Jul-Sept '24.

Rental Options

If renting appeals to you, Spine Road has many choices:

• Gated Community Flats: Secure and community-focused living is available here.

PropertyWala's Conclusion

Spine Road shows strong potential for buyers and renters alike due to its prime location, excellent amenities, and variety of property options. Even with a recent dip in property rates, its development and infrastructure remain stable, making it a promising investment. This area offers a good mix of schools, shopping centers, and entertainment venues, ensuring a balanced living experience. To make the best choice, keep an eye on price trends and consider the current market conditions.